7:11 PM
Nifty Tips
Gold Prices look reluctant to edge higher. The day’s moves so far is increasingly pointing towards a fall towards 19400-19300 or even 19000. It would require a direct rise above 19625 to alter the intraday view to positive, while a close above the same or an intraday penetration of 19850 region would be required to signal powerful rallies in the coming days.
Break of 35800-900 is required for continuation of yesterday's uptrend. The day’s trades have attracted bargain hunting but have been feeble. Need to flat above 35500 to suggest that the uptrend may continue. However, sharp falls are unlikely until 35170 gives away. There is a fair chance of a break of the 35900 barrier, but inability to do so should be taken as an earlier signal that the next leg of bear move targeting 32400 could unfold soon, provided 34600 also gives away.
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